Surprise! Banking CEOs Fond of Luxury, Waste Money

Did the Wall Street Journal really think people would fall over in disbelief at the news that the CEOs of a few bailed-out banks used their corporate jets to fly off on vacation? Like, last Christmas? By now, you've probably figured out that these companies blow tons of money on not-so-important things. (Like, say, office renovations, or jaunts to the Olympics and Wimbledon aboard their company jets.) If the paper really wants to break a story open wide, perhaps it could look into why a JPMorgan Chase-owned Gulfstream G-V was on the tarmac at a small airport in Brazil that happens to be known as a major transfer point for South American drug cartels? (See above.) Now that could be something big! [WSJ]